INCOME AND EXPENSES/CONTROL

Question 1

Can be managed in many ways thus to insure profit.

Answer 1

Income

Question 2

4 major expense categories that must be controlled by management

Answer 2

Food Cost
Beverage Cost
Labor Cost
Other Expenses

Question 3

Is a process used by managers to direct, regulate, and restrain the actions of people so that the established goals of an enterprise may be achieved.

Answer 3

Control

Question 4

Defined as the process used by managers to regulate cost and guard against excessive costs. It is an ongoing process throughout the operation.

Answer 4

Cost Control

Question 5

2 principles of the principal causes of excessive cost

Answer 5

Inefficiency and Waste.

Question 6

Is important to ensure that all sales results in appropriate income to the business. Therefore, it is important to require that each employees record each sale accurately. (Checks, duplicates, bills or etc.)

Answer 6

Sales Control

Question 7

Is clearly falls onto the management, but
the task on controlling differs due to the nature of the establishment. Small establishment the control responsibility usually taken by the management but for larger establishment it is delegated to the assistant manager or controller.

Answer 7

Responsibility For Control

Question 8

Food & beverage establishment usually involves process of raw material purchased, received, stored, and issued for the purpose of manufacturing products for sale and services.

Answer 8

Instituting Control